Jeffrey Eberwein Purchases 1,430 Shares of Star Equity (NASDAQ:STRR) Stock

Star Equity Holdings, Inc. (NASDAQ:STRR) CEO Jeffrey Eberwein bought 1,430 shares of the stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $11.51 per share, with a total value of $16,459.30. Following the acquisition, the chief executive officer owned 1,087,538 shares in the company, valued at approximately $12,517,562.38. This represents a 0.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Star Equity Stock Performance

STRR stock traded down $0.08 on Thursday, hitting $11.48. The company’s stock had a trading volume of 7,645 shares, compared to its average volume of 7,826. The firm has a 50 day moving average of $10.08 and a two-hundred day moving average of $10.24. Star Equity Holdings, Inc. has a 1 year low of $8.26 and a 1 year high of $11.99. The stock has a market cap of $42.46 million, a price-to-earnings ratio of -4.36 and a beta of 0.49. The company has a current ratio of 2.09, a quick ratio of 1.84 and a debt-to-equity ratio of 0.09.

Star Equity (NASDAQ:STRR) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.99) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.04). Star Equity had a negative net margin of 4.18% and a negative return on equity of 4.04%. The business had revenue of $50.06 million during the quarter, compared to analysts’ expectations of $52.57 million. Equities analysts predict that Star Equity Holdings, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Star Equity

A number of institutional investors and hedge funds have recently made changes to their positions in STRR. Heartland Advisors Inc. acquired a new position in shares of Star Equity during the 4th quarter worth $140,000. DRW Securities LLC acquired a new position in shares of Star Equity during the 4th quarter worth $268,000. Bridgeway Capital Management LLC acquired a new position in shares of Star Equity during the 4th quarter worth $276,000. RBF Capital LLC acquired a new position in shares of Star Equity during the 4th quarter worth $316,000. Finally, Geode Capital Management LLC acquired a new position in shares of Star Equity during the 4th quarter worth $352,000. 3.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on STRR shares. Litchfield Hills Research upped their price target on shares of Star Equity from $21.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. Weiss Ratings downgraded shares of Star Equity from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 20th. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research report on Wednesday, March 4th. Finally, Zacks Research downgraded shares of Star Equity from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Star Equity has a consensus rating of “Hold” and a consensus target price of $28.00.

About Star Equity

Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.

With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.